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SMPlayer is a free open source media player, with built-in codecs, that can play virtually all video and audio formats. It doesn't need any external codecs. SMPlayer can also play, search and download Youtube™ videos. It uses the award-winning MPlayer as playback engine which is capable of playing almost all known video and audio formats. Install SMPlayer and forget about codecs!SMPlayer Features

It can play and download Youtube videos. A Youtube browser is included, which allows to easily download Youtube videos too.
Complete preferences dialog, where you can change the key shortcuts, colors and fonts of the subtitles, and many more.
Support for skins and icon themes.
Possibility to search and download subtitles from opensubtitles.org.
Filters. Many video and audio filters are available: deinterlace, postprocessing, denoise... and even a karaoke filter (voice removal).
Seeking by mouse wheel. You can use your mouse wheel to go forward or backward in the video. The mouse buttons can also be customized.
Video equalizer, allows you to adjust the brightness, contrast, hue, saturation and gamma of the video image.
Multiple speed playback. You can play at 2X, 4X... and even in slow motion.
Audio and subtitles delay adjustment. Allows you to sync audio and subtitles.
Advanced options, such as selecting a demuxer or video & audio codecs.
On your own language: currently SMPlayer is translated into more than 30 languages, including Spanish, German, French, Italian, Russian, Chinese, Japanese....
Free and open source. SMPlayer is under the GPL license.